Description
Learning Outcome
Upon completion of this course, participants will be able to:
- Be familiar with the concept and skills of Contract Management.
- Gain an in-depth knowledge in Total Cost Management Framework.
- Be able to manage uncertainty in projects through an effective Risk Management Plan.
- Have a transformational improvement in their project management skills.
- Be familiar with the skill and knowledge of cost engineering.
Target Audience
- Portfolio and Asset Managers.
- Project Control Managers.
- Project Controllers.
- Business Analysts.
- Cost Estimators.
- Cost Engineers.
- System Engineers.
- Project Managers.
- Internal Consultants.
Course Content
- The role of the Cost Estimator.
- Elements of cost, and analysis.
- General Estimating Concepts.
- Estimate Variability.
- Estimating Algorithms.
- Quantification.
- Pricing and Costing.
- Risk Evaluation and Contingency Determination.
- Estimate Documentation and Reconciliation.
- Estimate Review and Validation.
- Bidding.
- Budgeting.
- Project Life Cycle Costing.
- Cash Flow and Forecasting.
- Project and Product Costs.
- Building Information Modeling (BIM)
- Total Cost Management (TCM) Framework.
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